Daily Pivots: (S1) 0.9722; (P) 0.9741; (R1) 0.9780; More… The strong break of 55 4H EMA suggest that EUR/CHF’s pull back from 0.9847 has completed at 0.9563 already. Intraday bias is back on the upside for retesting 0.9847 high. Decisive break there will resume larger rally from 0.9252. On the downside, below 0.9708 minor support […]
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ECB’s Chief Economist Philip Lane, in an interview with Spanish newspaper El Confidencial, expressed growing confidence regarding return of inflation to 2% target, thereby increasing the likelihood of an interest rate cut in June. Lane Read more…
Key Highlights EUR/USD started a recovery wave above the 1.0650 resistance. It broke a major bearish trend line with resistance at 1.0720 on the 4-hour chart. GBP/USD rallied and tested the 1.2620 resistance zone. Oil Read more…
OECD said the persistence of inflationary pressures within New Zealand would limiting the flexibility for monetary policy easing this year. According to the 2024 Economic Surveys report, “Inflation is likely to be persistent,” thus constraining Read more…